THUR OCT 02 2025-theGBJournal| The Nigerian fixed income market finished the day bullish with treasury bills and FGN Bond yield sliding amid ramped up demand.
The treasury bill average yield contracted by 4bps to 17.9%. Across the curve, the average yield contracted at the short (-1bp), mid (-2bps) and long (-6bps) segments, driven by the demand for the 84DTM (-2bps), 175DTM (-2bps), and 350DTM (-49bps) bills, respectively.
Similarly, the average yield contracted by 19bps to 20.6% in the OMO segment.
Elsewhere, the FGN bond secondary market closed on a bullish note, as the average yield contracted by 2bps to 16.2%.
Across the benchmark curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-4bps) segments, due to buying interest in the FEB-2031 (-37bps), JUN-2033 (-26bps) and JUN-2038 (-21bps) bonds, respectively.
Meanwhile, the overnight lending rate contracted by 4bps to 24.9% as system liquidity remained ample.
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